Asian Markets’ Monday Situation

China New

Most Asian markets open lower except China after federal open market committee (FOMC) leaves interest rates near zero last week. Japanese Yen opened lower against Euro at 135.34 as Japan celebrate her Bank Holiday today, Eur-Jpy gained 0.13 percent to peak at 135.70.

The single currency gained against all majors after the announcement of Alexis Tsipras, as the new Prime Minister of Greece. Euro-GBP gained 0.13 percent at 02:10:57 p.m. Asian time.

Shanghai SE Composite rose 1.30 percent to 3,1382.26 value on Monday bringing its yearly gain to 34.72 percent, the index continue to struggle amid global economic rout after losing 40 percent of its gained profit in the last 4 months. Shanghai SE A Share Index gained the most, 2.32 percent at 02:14:05 p.m.

Crude oil continues it rally and currently trading above $45.30 to a single barrel, the commodity that was traded as low as $43.57 last week gained 1.34 percent on Monday. According to Bloomberg report, hedge funds are slashing their previous bets on falling oil prices after OPEC called for a return to $80. This marked the most bullish trend in two months.

Gold spot also gained 0.11 percent to 1,138.93 USD/t oz.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

Be the first to comment on "Asian Markets’ Monday Situation"

Leave a comment

Your email address will not be published.


*